Piedmont Office (PDM)
NYSE:PDM
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PDM Stock Chart & Stats
$7.78
-$0.02(-0.23%)
At close: 4:00 PM EST
$7.78
-$0.02(-0.23%)
Day’s Range― - ―
52-Week Range$6.32 - $9.50
Previous CloseN/A
Volume481.06K
Average Volume (3M)801.90K
Market Cap
$1.19B
Enterprise Value$3.36B
Total Cash (Recent Filing)$2.28M
Total Debt (Recent Filing)$2.28B
Price to Earnings (P/E)―
Beta0.87
Next Earnings
Jul 29, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend Yield6.09%
Share Statistics
EPS (TTM)-0.70
Shares Outstanding125,019,005
10 Day Avg. Volume717,928
30 Day Avg. Volume801,900
Financial Highlights & Ratios
PEG Ratio-2.66
Price to Book (P/B)0.69
Price to Sales (P/S)1.84
P/FCF Ratio-62.23
Enterprise Value/Market Cap2.84
Enterprise Value/Revenue5.95
Enterprise Value/Gross Profit69.70
Enterprise Value/Ebitda12.40
Forecast
1Y Price Target
$11.00Price Target Upside41.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)$522.06M
Bulls Say, Bears Say
Bulls Say
Leasing Momentum & Rent GrowthSustained rent roll-ups and rising net effective rents indicate durable demand for upgraded Sun Belt office product. Strong leasing economics convert to higher cash NOI, improve coverage for debt and capex, and create a structural path to restoring FFO and supporting future refinancing advantages.
Improved Liquidity & LeverageMaterial revolver availability and a markedly lower debt-to-equity ratio reduce near-term refinancing pressure and support operational flexibility. That structural liquidity buffer increases ability to fund redevelopment, absorb vacatur risk, and pursue accretive refinancings without forced asset sales.
Portfolio Quality & Redevelopment ProgressA largely renovated, amenity-rich portfolio with successful redevelopment lease-ups supports long-term competitiveness versus older product. Higher-quality space drives tenant satisfaction, retention and pricing power, making occupancy gains and NOI improvements more durable through economic cycles.
Bears Say
Declining Revenue & Persistent LossesSharp top-line contraction and negative net margins reflect that below-the-line charges and one-time items are preventing profitability despite solid property-level EBITDA. Continued losses constrain internal capital generation, delay dividend reinstatement, and limit reinvestment without asset sales or sustained leasing gains.
Dividend SuspendedA multi-year suspension of the REIT dividend shifts the investor base and signals management prioritizing balance-sheet repair over distributions. For a REIT this reduces appeal to income investors, increases reliance on operational recovery for total return, and raises scrutiny on timing of cash-return decisions.
Concentrated Near-Term Lease ExpirationsConcentrated expirations among a few large tenants create cluster vacancy and re-leasing risk that can materially pressure cash flow and require capital for tenant improvements. Timing uncertainty around backfills can extend downtime, increase concessions, and stress refinancing or redevelopment plans.
Piedmont Office News
PDM FAQ
What was Piedmont Office’s price range in the past 12 months?
Piedmont Office lowest stock price was $6.32 and its highest was $9.50 in the past 12 months.
What is Piedmont Office’s market cap?
Piedmont Office’s market cap is $1.19B.
When is Piedmont Office’s upcoming earnings report date?
Piedmont Office’s upcoming earnings report date is Jul 29, 2026 which is in 30 days.
How were Piedmont Office’s earnings last quarter?
Piedmont Office released its earnings results on Apr 30, 2026. The company reported -$0.1 earnings per share for the quarter, missing the consensus estimate of -$0.032 by -$0.068.
Is Piedmont Office overvalued?
According to Wall Street analysts Piedmont Office’s price is currently Undervalued.
Does Piedmont Office pay dividends?
Piedmont Office pays a Quarterly dividend of $0.125 which represents an annual dividend yield of 6.09%. See more information on Piedmont Office dividends here
What is Piedmont Office’s EPS estimate?
Piedmont Office’s EPS estimate is -0.03.
How many shares outstanding does Piedmont Office have?
Piedmont Office has 125,019,005 shares outstanding.
What happened to Piedmont Office’s price movement after its last earnings report?
Piedmont Office reported an EPS of -$0.1 in its last earnings report, missing expectations of -$0.032. Following the earnings report the stock price went down -0.359%.
Which hedge fund is a major shareholder of Piedmont Office?
Currently, no hedge funds are holding shares in PDM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Piedmont Office Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$11.00 (41.39% Upside)
$11.00 (41.39% Upside)
Blogger Sentiment
Bullish
PDM Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 6.7K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.02%
12-Months-Change
Fundamentals
Return on Equity
-5.70%
Trailing 12-Months
Asset Growth
0.75%
Trailing 12-Months
Company Description
Piedmont Office
Piedmont Office Realty Trust, Inc. (PDM), traded on the NYSE, is a real estate investment trust that acquires, manages, develops, and operates premium, Class A office properties. These assets are strategically situated in key sub-markets across seven major Eastern U.S. office markets, with the Sunbelt region contributing the majority of its revenue. The company's geographically diversified portfolio encompasses approximately 17 million square feet, valued at roughly $5 billion. As a self-managed and fully integrated REIT, Piedmont maintains local management teams within each of its operational markets and holds investment-grade credit ratings from S&P Global Ratings (BBB) and Moody's (Baa2). Demonstrating its commitment to sustainability, by the close of the third quarter, approximately 63% of its portfolio was ENERGY STAR certified, and around 41% had achieved LEED certification.
PDM Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum driven by robust leasing, meaningful rent roll-ups and improving same-store NOI, alongside balance sheet flexibility and tangible pipeline activity. Management raised guidance modestly and highlighted multiple positive metrics (net effective rent growth, high renewal/retention rates, redevelopment lease-up progress and substantial revolver capacity). Key risks include concentrated near-term expirations, suspended dividend policy, reliance on continued leasing execution to sustain growth and some timing uncertainty around dispositions and a New York lease public hearing. Overall, the positive leasing and financial indicators materially outweigh the manageable near-term risks.View all PDM earnings summariesPDM Stock 12 Month Forecast
Average Price Target
$11.00
▲(41.39% Upside)
Technical Analysis
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Ownership Overview
1.29% Insiders
30.14% Mutual Funds
26.24% Other Institutional Investors
19.65% Public Companies and
Individual Investors